Prop Firm Hub | Page 2429 | Forex Factory

Options

Go to
Permalinks
Print Thread

Featured US Prop Firms

Similar Threads

Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #48,561
  • Apr 30, 2025 6:43pm Apr 30, 2025 6:43pm
Quoting maltrader
{quote} Futures have other currencies to USD pairs. Example 6J is JPY/USD, 6E is EUR/USD, 6G is GBP/USD, etc. Pairs like JPYUSD would have an inverted graph in futures compare to spot forex, but pairs like EURUSD should be familiar.
Unfortunately, I don't think futures offer the cross pairs such as EURGBP, EURJPY, GBPJPY, AUDJPY, CHFJPY, EURAUD, GBPAUD, EURNZD, GBPNZD, CADJPY, AUDNZD, and NZDJPY, to name a few.
  • #48,562
  • Apr 30, 2025 7:41pm Apr 30, 2025 7:41pm
Of the firms with sources available, it looks like FTMO is the only one that allows both hedging and DCA.

1. FTMO
Hedging: Allowed if Within Risk Limits
DCA: Allowed if Within Risk Limits
Martingale: Allowed if Within Risk Limits

2. The5%ers
Hedging: Restricted
DCA: Restricted / Case-by-Case
Martingale: Restricted

3. FundedNext
Hedging: Prohibited across multiple accounts
DCA: Restricted if Abused
Martingale: Restricted if Abused

4. SurgeFunded
Hedging: Not Specified
DCA: Prohibited (Grid Trading)
Martingale: Prohibited

5. FTUK
Hedging: Prohibited
DCA: Not Clear
Martingale: Prohibited

6. Traders Central
Hedging: Prohibited
DCA: Not Clear
Martingale: Prohibited

7. Audacity Capital
Hedging: Prohibited
DCA: Prohibited
Martingale: Prohibited

8. Funded Academy
Hedging: Not Clear
DCA: Not Clear
Martingale: Prohibited
  • #48,563
  • Apr 30, 2025 9:15pm Apr 30, 2025 9:15pm
Quoting HeyYa
{quote} Unfortunately, I don't think futures offer the cross pairs such as EURGBP, EURJPY, GBPJPY, AUDJPY, CHFJPY, EURAUD, GBPAUD, EURNZD, GBPNZD, CADJPY, AUDNZD, and NZDJPY, to name a few.
No, they don't. I thought those usually have pretty bad spreads? Never traded them due to that.
  • #48,564
  • Apr 30, 2025 9:17pm Apr 30, 2025 9:17pm
Quoting Trader191
{quote} how do you trade your darwinex accounts? so what markets and what style? if you want say something about. stable 2.5% / month is a very good result.
I only have 3 as of now, 2 forex and 1 futures, but as I mentioned the goal is to accumulate 10. I may even have one just trade stocks. In the process of determining if it's best to group them as non-correlated as possible to try to earn allocations in the majority of them OR just copy trade 10 with the 100K allocations(which are not impacted by correlation) and then just get the seed and investor capital on one of them. I may also separate them and then have 2-3 aggregate acounts where all instruments are traded...the goal, of course, is max allocations.
As far as HOW I trade, entries are based on pivots (weekly and daily), ADR, some MAs, VWOP on futures(as there is no way to read volume on forex without a centralized exchange). Nothing is a blind entry, if x, then do y, I observe how price behaves at potential entries. To me, the entry is not as important as managing the trade once entered, my initial shots are always small allowing to DCA, add to winners, peel off partials, etc.
You also must optimize to fit the Darwinex risk model, you are hurt by over leveraging, length of trade, etc, so some of my swing trades may actually hurt my Var and/or risk engine...therefore, I may just do 1 of the accounts as swing.
  • #48,565
  • Apr 30, 2025 9:22pm Apr 30, 2025 9:22pm
Quoting HeyYa
Of the firms with sources available, it looks like FTMO is the only one that allows both hedging and DCA. 1. FTMO Hedging: Allowed if Within Risk Limits DCA: Allowed if Within Risk Limits Martingale: Allowed if Within Risk Limits 2. The5%ers Hedging: Restricted DCA: Restricted / Case-by-Case Martingale: Restricted 3. FundedNext Hedging: Prohibited across multiple accounts DCA: Restricted if Abused Martingale: Restricted if Abused 4. SurgeFunded Hedging: Not Specified DCA: Prohibited (Grid Trading) Martingale: Prohibited 5. FTUK Hedging: Prohibited...
I don't think the5ers prohibit DCA, unless they've changed their rules recently.
https://the5ers.com/prohibited-trading-practices/
  • #48,566
  • Apr 30, 2025 9:35pm Apr 30, 2025 9:35pm
Quoting maltrader
{quote} I don't think the5ers prohibit DCA, unless they've changed their rules recently. https://the5ers.com/prohibited-trading-practices/
I do not believe they prohibit either and Traders Central? didn't they go under like 4 years ago?
  • #48,567
  • Apr 30, 2025 10:27pm Apr 30, 2025 10:27pm
I'm not using grid trading. I don’t place trades at fixed intervals, so it’s not a grid system. I place both buy and sell trades on the same pair, but it’s not direct hedging or cross hedging either. The issue is, some prop firms don’t use consistent definitions. For example, they’ll call something Martingale just because someone opens a few buy trades at 0.10 lots at different price levels, even if there’s no doubling and no fixed spacing. It would be better if they used standard definitions from reliable sources.

Also, placing random buy and sell orders at different prices isn’t hedging in any real or technical sense. Hedging is supposed to be intentional and meant to reduce risk on an existing position. If I’m trading both directions without a clear plan to manage exposure, that’s not hedging. That’s just trading both ways with no risk control.

And actually, I wouldn’t even say I’m doing DCA either. Real DCA means entering positions over time in a consistent way, like based on time or price levels, to lower the average entry. Just placing buys and sells at random spots with fixed lot sizes doesn’t count as DCA.

If I’m placing both buy and sell trades at random price levels with no clear structure to manage risk or lower the average entry, then it’s not DCA and it’s not hedging.

I’m entering trades based on price behavior, not fixed intervals or doubling. It’s not grid, not Martingale, and not hedging. But try explaining that to a prop firm. They’ll still throw on whatever label helps them, like Martingale, DCA, hedging, or whatever else helps them to deny the payout.

To avoid confusion, they should define what they allow and list the parameters for it. That way, if a trader follows those rules and checks every box, there's no issue. Right now, the definitions they use are vague and open to interpretation. Instead of throwing around broad labels like DCA, Martingale, or hedging, they should just state the specific conditions that are acceptable. That would give traders clarity and allow them to comply without having to guess what might get flagged.
  • #48,568
  • Apr 30, 2025 10:35pm Apr 30, 2025 10:35pm
Alright gents checked blue guardiwn dashboard.... Guess what my payout got denied.....

I am still waiting for BS reason for why it got denied......
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 128 KB
Extreme gut feeling trader
  • #48,569
  • May 1, 2025 3:28am May 1, 2025 3:28am
Quoting maltrader
Hidden
Have requested a payout with Legends Trading today. Will keep the forum updated about the progress.
  • #48,570
  • Edited 8:04am May 1, 2025 6:15am | Edited 8:04am
Quoting HeyYa
I'm not using grid trading. I don’t place trades at fixed intervals, so it’s not a grid system. I place both buy and sell trades on the same pair, but it’s not direct hedging or cross hedging either. The issue is, some prop firms don’t use consistent definitions. For example, they’ll call something Martingale just because someone opens a few buy trades at 0.10 lots at different price levels, even if there’s no doubling and no fixed spacing. It would be better if they used standard definitions from reliable sources. Also, placing random buy and sell...
All sounds good in what they SHOULD do, but they won't. When I started with the (forex) props back in 2020-2021, it was pretty simple......make x% and don't lose y % in a day or z% overall. It was tougher then, you had to make 10% within 30 days with 10% DD or you failed and had to start over. AND pay again....in essence, make 100% in 30 days.
The unlimited time to pass revolution is what threw a wrench in the revenue, so now they must come up with all kinds of reasons to fail/deny/ban you.
I always found it ironic they allow you to do whatever you wish to pass, but once "funded", you're not permitted to do any of what you did to successfully pass....it is a tremendous business basically allowing companies to just outright steal from customers.
While futures is cleaner, as Taki always says, it's still the same business model.....they just push the successful traders to live to get them off the balance sheet as a liability. Of course, that is a better option than just outright not being paid what you rightfully earned.
  • #48,571
  • May 1, 2025 6:32am May 1, 2025 6:32am
Quoting pipmaster77
{quote} I only have 3 as of now, 2 forex and 1 futures, but as I mentioned the goal is to accumulate 10. I may even have one just trade stocks. In the process of determining if it's best to group them as non-correlated as possible to try to earn allocations in the majority of them OR just copy trade 10 with the 100K allocations(which are not impacted by correlation) and then just get the seed and investor capital on one of them. I may also separate them and then have 2-3 aggregate acounts where all instruments are traded...the goal, of course, is...
So you can open 10 accounts or more each with a permanent 100K allocation and copy trade between them with 100% correlation but then you can only have seed and investor capital in 1 of the 10 ?

they were planning to allow more than 1 100K allocation, already in place ?
  • #48,572
  • May 1, 2025 6:53am May 1, 2025 6:53am
Quoting hotair
{quote} Have requested a payout with Legends Trading today. Will keep the forum updated about the progress.
thats your first post?
  • #48,573
  • May 1, 2025 7:16am May 1, 2025 7:16am
Quoting Stoneyrocks
{quote} So you can open 10 accounts or more each with a permanent 100K allocation and copy trade between them with 100% correlation but then you can only have seed and investor capital in 1 of the 10 ? they were planning to allow more than 1 100K allocation, already in place ?
So, as of now, the 100K is yours just like any previous allocations (3 months for silver, 6 months for gold)
Correlation only impacts getting additional allocations for that month in which correlation took place.
Monthly payments (1-2 months) and larger permanent allocations per account (not sure on time) are things that are coming soon.
  • #48,574
  • May 1, 2025 7:18am May 1, 2025 7:18am
Quoting montygoldy
Alright gents checked blue guardiwn dashboard.... Guess what my payout got denied..... I am still waiting for BS reason for why it got denied...... {image}
I know you will, but please keep us updated on this........
  • #48,575
  • May 1, 2025 7:32am May 1, 2025 7:32am
Quoting pipmaster77
futures ... they just push the successful traders to live to get them off the balance sheet as a liability.
-I wonder how much of this is actually occurring. I do not hear much about it these days, but I also do not spend any time with my ear to the ground, other than what I read here or occasionally see on youtube etc.. It seems that if you are an affiliate with a youtube channel, then you can grind out simulated profits in perpetuity. It is all highly questionable.
  • #48,576
  • May 1, 2025 7:39am May 1, 2025 7:39am
Quoting montygoldy
Alright gents checked blue guardiwn dashboard.... Guess what my payout got denied..... I am still waiting for BS reason for why it got denied...... {image}
Not looking good and it's not a huge amount
  • #48,577
  • May 1, 2025 7:46am May 1, 2025 7:46am
Quoting HeyYa
{quote} Unfortunately, I don't think futures offer the cross pairs such as EURGBP, EURJPY, GBPJPY, AUDJPY, CHFJPY, EURAUD, GBPAUD, EURNZD, GBPNZD, CADJPY, AUDNZD, and NZDJPY, to name a few.
Technically, you can create that type of order by going long one contract and short the other, but you are correct, there is no or very limited liquidity on those.
There was rumor that CME would be offering liquidity on forex pairs sometime this year, but I do not remember the details.
  • #48,578
  • May 1, 2025 8:10am May 1, 2025 8:10am
Quoting Nsak3y
{quote}-I wonder how much of this is actually occurring. I do not hear much about it these days, but I also do not spend any time with my ear to the ground, other than what I read here or occasionally see on youtube etc.. It seems that if you are an affiliate with a youtube channel, then you can grind out simulated profits in perpetuity. It is all highly questionable.
Probably not much occurring, since I'm sure under 1% get there. 100% agree on affiliates, they always get paid AND I lean more to there isn't even actually trading and profit being generated there....those payments are marketing expense.
I still think there are a few futures props that are possibly built for longer term survival, but in the end, it's all the same, the businesses live on eval fees and there is a huge conflict of interest in your success.
Once live, the conflict of interest goes away, but there is absolutely no benefit to actually being live with a prop firm.
  • #48,579
  • May 1, 2025 8:18am May 1, 2025 8:18am
Its ok Monty, your money was well spent on birmingham FC.
  • #48,580
  • May 1, 2025 9:57am May 1, 2025 9:57am
Ok so after doing some research and with a long term outlook, I'm going to give Darwinex Zero a go. It looks like a good option for slow and steady trading without having all these bullshit restrictions prop firms have these days.

As far as I know, pipmaster77 and Expo33 are doing DZ, is anyone else?

Do you guys have any advice and suggestions to get started on the right foot? Thanks.
Truth is like poetry. And most people f*cking hate poetry.
79 traders viewing now, 1 is registered: